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Product & Sales - Senior Compliance Advisory - Director

London, United Kingdom
Closing date
Feb 4, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Title: Product & Sales - Senior Compliance Advisory

Department: Compliance

Reporting to: Head of Advisory. Compliance

Overall Purpose of Role

The primary focus of the role is to support the Sales and Product teams but the candidate will also be required to have a good understanding of SFDR and work on associated compliance & regulatory matters and develop a suite of responsibilities and relationships as they grow into the role.

Principal Responsibilities

  • Regulatory requirements for selling Barings' products/services in new and existing jurisdictions (mainly EMEA) in conjunction with the Irish office.
  • Product governance framework oversight (product approval, on-going reviews etc.)
  • Fund registration, private placement and reverse solicitation considerations
  • Fund documentation reviews e.g. prospectus / offering documents
  • Reviews of Distribution Agreements
  • Assist the Heads of Compliance and Distribution in Ireland with the implementation and oversight of the distribution oversight and compliance Programmes
  • Work closely with the Product Management and Client Portfolio Management teams on matters regarding SFDR and its application to Barings' funds

Regulatory Developments
  • Work proactively with Sales and Product Teams on the implementation of new regulations helping to identify effective solutions that meet both regulatory expectations and Barings business model.
  • Assist the Head of Advisory on maintaining the internal regulatory tracker and completing initial analysis of new regulations that are likely to have a material impact on Barings.
  • Maintain relevant documents and reports to support the above activities
  • Participate or lead presentations on regulatory changes to business units
  • Attend relevant events at law firms / consultants / trade bodies and feed insights / market intelligence back to colleagues.
  • Support the Head of Advisory on providing timely advice to Business Units on the following regulatory requirements: AIFMD, UCITS, MiFID II Organisational and Investor Protection, Asset Management Market Study, Cost transparency (e.g. PRIIPS), ESG with focus on SFDR.

Compliance Policies/Framework
  • Keeping Compliance policies and procedures up to date
  • Produce new and/or amended Compliance policies and procedures as a result of regulatory or business change.
  • Input into the Compliance plan as required.
  • Undertake other Compliance processes as required.
  • Marketing sign off's as required. These will be infrequent.
  • Assist the Head of Advisory in maintaining Compliance processes e.g. the Conflicts of Interest Register, Client take-on and annual planning.

Relationships with Third Parties
  • Liaise and interact with industry trade bodies (e.g. the IA), consultants and external auditors as required.
  • Assist the Head of Compliance in dealing with visits/requests from regulators, including preparation and reporting activities

  • Provide and/or input into Compliance reports to various boards and committees
  • Assist the Heads of Compliance and Distribution in Ireland with required Irish reporting.

Experience & Skills
  • Strong knowledge of Distribution, Marketing and Product related regulations, including:
    • Various selling regulations across jurisdictions - licences, fund registration, private placement, reverse solicitation
    • Fund regulations across various structures- UK, Ireland, Luxembourg
    • FCA/MiFID II requirements re product governance, TCF, distributor oversight, COLL, FUND
    • Cost transparency - PRIIPS
    • ESG - SFDR and UK SDR
  • Good knowledge of Conflicts of Interest, Cost transparency, COBS and Wholesale Conduct

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